Please Read the Disclaimer below before taking any trade.
Volume Profile Driven Demand and Supply Analysis- ACC-Long
Entry @ 1145
Stop Loss @ 1134.85
Target @ 1165.3
Take care of your Risk Management, for example you are taking risk of say 200 INR, then your quantity of trade is calculated as risk(200)/difference of entry(1145) and Stop loss(1134.85).
STUDY IS BASED ON SPOT RATE
PLEASE ADJUST FOR FUTURE LEVELS
INDEX SHOULD CLOSE ABOVE 20-DMA @11111
A CLOSE ABOVE 1140 IS NEED FOR CLOSING ABOVE SUPPLY ZONE
IF THE ABOVE CONDITIONS ARE MET NIFTY WILL TEST LEVELS OF 11255-11332-11358
NIFTY WEEKLY VIEW WILL BE POSTED ON FRIDAY
Trade Planned on 20th June 2019 using Volume Profile Driven Demand and Supply.
Trade Entry, StopLoss and Target details
Entry Planned @ 146.15, StopLoss Planned @ 145.05, Target Planned 150.65
Trade Executed on 21st June 2019 9:15 AM and Target Achieved..
Nifty went down significantly but Relcap held it's ground compared to other stocks which fell more than 1%. if Nifty stays long one can buy at levels closed to 417 with a small stop loss.. or short below 416.